Demand for luxury watches remains high as prices moderate
April 14, 2023
Demand for luxury watches in the secondary market has remained steady as prices fell eight percent last year. “I don’t see prices going much lower,” said Francois-Henry Bennahmias, CEO of Audemars Piguet. “People still want to reward themselves, and when they want to reward themselves, they will look at the most respected companies, in watches, jewelry, fashion, you name it.”
Recent News
Planet Fitness Increases Membership Prices After Nearly 3 Decades
Despite there being a growing amount of cost-conscious consumers, Planet Fitness is raising its base membership fee for new customers for the first time since 1998.
Dorsey Bows Out of Bluesky Due to Fears It’s Turning Into Twitter 2.0
Twitter co-founder Jack Dorsey has exited Bluesky as he said it was “literally repeating all the mistakes [Twitter] made as a company.”
Amazon Debuts New Streaming Ads on Prime
Amazon Ads has unveiled new ad formats for Prime Video users.
Babies“R”Us Is Returning to Some Kohl’s Stores
The openings should begin later in 2024.